School: Kent State University
Course: Introduction to Managerial Accounting
Professor: John rose
Term: Fall 2016
Tags: Managerial, Accounting, job, Costing, process, flow, Of, production, Inventory, manufacturer, purchasing, allocate, allocation, allocating, manufacturing, overhead, MOH, predetermined overhead rate, predetermined, rate, PMOHR, cost, misallocation, underallocated, overallocated, service, firm, indirect, period, costs, Markup, direct, material, and Labor
Name: Chapter 3 - Job Costing
Description: Differentiates between job costing and process costing. Describes the flow of production. Demonstrates and describes how to allocate manufacturing overhead (MOH) to jobs. Describes cost of a job. Explains a misallocation of manufacturing overhead and how to solve that problem. Describes how to report job costing at a service firm. Provides a brief summary of the chapter.